MS said the same thing about NQ. How did that work out??
I can't control what the stock is going to do, I can only control how I trade it.
I'm staying out until Monday. No telling what could happen over the week end,
Short at 19.90 and cover at stop 19.80 sonny boy. That's after making $7 per share on the downside and $4 per share on the upside. This is a fraud stock, but trading it which ever way it goes.
Big boys are selling into strength now. I went short @19.90 on that last failed attempt to re-take $20. Stop now set @BE
Time will tell if I'm right or wrong. I trade on probabilities, so I sold not wanting to risk the pattern. Need more confirmation before I go short.
Hit a perfect double top @20.18. Day traders watch and trade to these patterns like hawks. This might have been the top.
I've read most of it and looks very real. If this were a criminal trial VNET's lawyers would be advising them to cop a plea bargain faced with this much damaging evidence.
As good as Muddy Waters is, they are not nearly as thorough as the people at Trinity. There will be ups and downs on the stock price, but in the end, this company is finished.
Doesn't look like the market is buying VNET's flimsy response to these very serious allegations.
Not tomorrow, but it will get there. These research companies are well aware of the libels risks with these allegations. They would not have issued this report without thoroughly making sure of their facts before publishing this report. Almost 100% of the time these allegations turn out to be true.
Sentiment: Strong Sell
For every new store that opens, there is another one which is closing. They don't put out a PR each time a store closes. SHOS opened a new store in our fairly small town several years back. There was little to no traffic and the store closed within 6 months.
How long have you been an "ebola tracker"?? 3 weeks or maybe one whole month since you became an expert on the subject??